$SFRX
SEAFARER EXPLORATION CORP Stock $sfrx

$sfrx Overview Financials Valuation SEC Filings Company Website

2024 Q1 Form 10-K Financial Statement

#000119983524000134 Filed on March 26, 2024

Income Statement

Concept	2024 Q1	2023 Q4	2023
Revenue	$3.170K	$18.65K	$19.24K
YoY Change		908.11%	48.32%
Cost Of Revenue	$685.7K	$496.5K	$2.081M
YoY Change	-4.0%	41.14%	26.43%
Gross Profit	-$682.5K	-$477.8K	-$2.062M
YoY Change	-4.45%	36.56%	26.25%
Gross Profit Margin	-21531.23%	-2562.09%	-10715.38%
Selling, General & Admin	$233.6K	$135.2K	$573.7K
YoY Change	13.06%	-7.57%	-4.01%
% of Gross Profit
Research & Development	$131.9K	$131.5K	$325.2K
YoY Change	310.99%	776.93%	88.09%
% of Gross Profit
Depreciation & Amortization	$5.465K	$26.45K	$66.45K
YoY Change	-0.09%	384.43%	203.98%
% of Gross Profit
Operating Expenses	$1.101M	$287.3K	$974.5K
YoY Change	339.97%	72.27%	-60.03%
Operating Profit	-$1.098M	-$765.2K	-$3.036M
YoY Change	13.84%	48.09%	25.18%
Interest Expense	-$63.11K	-$54.16K	-$120.1K
YoY Change	136.01%	346.13%	92.89%
% of Operating Profit
Other Income/Expense, Net	-$213.9K	$0.00	-$129.2K
YoY Change	1159.07%		-32.46%
Pretax Income	-$1.312M	-$820.6K	-$3.181M
YoY Change	32.35%	48.79%	21.56%
Income Tax
% Of Pretax Income
Net Earnings	-$1.312M	-$820.6K	-$3.181M
YoY Change	32.35%	48.79%	21.56%
Net Earnings / Revenue	-41390.22%	-4400.11%	-16531.44%
Basic Earnings Per Share
Diluted Earnings Per Share	$0.00	$0.00	$0.00
COMMON SHARES
Basic Shares Outstanding	8.492B shares
Diluted Shares Outstanding

Balance Sheet

Concept	2024 Q1	2023 Q4	2023
SHORT-TERM ASSETS
Cash & Short-Term Investments	$485.1K	$606.3K	$606.3K
YoY Change	179.85%	241.73%	241.73%
Cash & Equivalents
Short-Term Investments
Other Short-Term Assets	$10.75K	$15.79K	$15.79K
YoY Change	1333.33%	2005.33%	2005.33%
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets	$495.9K	$622.1K	$622.1K
YoY Change	184.82%	249.16%	249.16%
LONG-TERM ASSETS
Property, Plant & Equipment	$236.4K	$279.2K	$279.2K
YoY Change	-13.62%	80.41%	68.98%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets
YoY Change
Total Long-Term Assets	$262.2K	$279.2K	$279.2K
YoY Change	-4.19%	68.99%	68.99%
TOTAL ASSETS
Total Short-Term Assets	$495.9K	$622.1K	$622.1K
Total Long-Term Assets	$262.2K	$279.2K	$279.2K
Total Assets	$758.1K	$901.3K	$901.3K
YoY Change	69.3%	162.47%	162.47%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$565.6K	$565.0K	$565.0K
YoY Change	-13.36%	-9.54%	-9.54%
Accrued Expenses	$19.15K	$18.48K	$18.48K
YoY Change	205.42%	70.95%	70.95%
Deferred Revenue
YoY Change
Short-Term Debt	$1.948M	$1.685M	$1.685M
YoY Change	84.37%	58.42%	58.42%
Long-Term Debt Due	$25.15K	$22.26K	$22.26K
YoY Change	40.74%
Total Short-Term Liabilities	$2.697M	$2.431M	$2.431M
YoY Change	44.0%	32.18%	32.18%
LONG-TERM LIABILITIES
Long-Term Debt	$91.20K	$99.92K	$99.92K
YoY Change	-8.85%
Other Long-Term Liabilities	$6.930K	$11.97K	$11.97K
YoY Change
Total Long-Term Liabilities	$98.13K	$111.9K	$111.9K
YoY Change	-1.92%
TOTAL LIABILITIES
Total Short-Term Liabilities	$2.697M	$2.431M	$2.431M
Total Long-Term Liabilities	$98.13K	$111.9K	$111.9K
Total Liabilities	$2.796M	$2.543M	$2.543M
YoY Change	41.67%	38.26%	38.26%
SHAREHOLDERS EQUITY
Retained Earnings	-$29.66M	-$28.35M
YoY Change		12.64%
Common Stock	$849.4K	$831.4K
YoY Change		15.91%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity	-$2.038M	-$1.641M	-$1.641M
YoY Change
Total Liabilities & Shareholders Equity	$758.1K	$901.3K	$901.3K
YoY Change	69.3%	162.47%	162.47%

Cashflow Statement

Concept	2024 Q1	2023 Q4	2023
OPERATING ACTIVITIES
Net Income	-$1.312M	-$820.6K	-$3.181M
YoY Change	32.35%	48.79%	21.56%
Depreciation, Depletion And Amortization	$5.465K	$26.45K	$66.45K
YoY Change	-0.09%	384.43%	203.98%
Cash From Operating Activities	-$833.8K	-$673.7K	-$2.314M
YoY Change	61.07%	34.06%	16.31%
INVESTING ACTIVITIES
Capital Expenditures
YoY Change
Acquisitions
YoY Change
Other Investing Activities		$0.00	$0.00
YoY Change
Cash From Investing Activities		$0.00	$0.00
YoY Change			-100.0%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net		$316.7K	$2.047M
YoY Change			-0.43%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities	$712.7K	792.6K	2.743M
YoY Change	38.22%	23.16%	31.54%
NET CHANGE
Cash From Operating Activities	-$833.8K	-673.7K	-2.314M
Cash From Investing Activities		0.000	0.000
Cash From Financing Activities	$712.7K	792.6K	2.743M
Net Change In Cash	-$121.2K	118.9K	428.9K
YoY Change	2877.03%	-15.71%	348.56%
FREE CASH FLOW
Cash From Operating Activities	-$833.8K	-$673.7K	-$2.314M
Capital Expenditures
Free Cash Flow	-$833.8K		-$2.314M
YoY Change	60.45%		16.3%

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value	Unit
CY2023	dei	Entity Emerging Growth Company EntityEmergingGrowthCompany	false
CY2023Q4	sfrx	Notes Payable Related Parties Classified Current1 NotesPayableRelatedPartiesClassifiedCurrent1		usd
CY2022Q4	us-gaap	Notes Payable NotesPayable		usd
CY2022Q4	us-gaap	Finance Lease Liability Current FinanceLeaseLiabilityCurrent		usd
CY2022Q4	us-gaap	Operating Lease Liability Noncurrent OperatingLeaseLiabilityNoncurrent		usd
CY2022Q4	us-gaap	Finance Lease Liability Noncurrent FinanceLeaseLiabilityNoncurrent		usd
CY2023Q4	us-gaap	Preferred Stock Value PreferredStockValue		usd
CY2022Q4	us-gaap	Preferred Stock Value PreferredStockValue		usd
CY2023	sfrx	Gain On Disposal Of Investment GainOnDisposalOfInvestment		usd
CY2022	us-gaap	Stock Repurchased And Retired During Period Value StockRepurchasedAndRetiredDuringPeriodValue		usd
CY2022	us-gaap	Operating Lease Right Of Use Asset Amortization Expense OperatingLeaseRightOfUseAssetAmortizationExpense		usd
CY2022	sfrx	Common Stock Issued In Payment Of Vessel Rental CommonStockIssuedInPaymentOfVesselRental		usd
CY2022	sfrx	Common Stock Issued For Charitable Contribution CommonStockIssuedForCharitableContribution		usd
CY2023	sfrx	Gain On Disposal Of Investment GainOnDisposalOfInvestment		usd
CY2022	us-gaap	Increase Decrease In Operating Lease Liability IncreaseDecreaseInOperatingLeaseLiability		usd
CY2023	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment		usd
CY2023	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities		usd
CY2023	sfrx	Proceeds From Issuance Of Convertible Notes Payable Related Party ProceedsFromIssuanceOfConvertibleNotesPayableRelatedParty		usd
CY2022	us-gaap	Proceeds From Notes Payable ProceedsFromNotesPayable		usd
CY2023	sfrx	Payments On Convertible Notes Payable Related Party PaymentsOnConvertibleNotesPayableRelatedParty		usd
CY2023	sfrx	Payments On Notes Payable Related Party PaymentsOnNotesPayableRelatedParty		usd
CY2022	us-gaap	Finance Lease Principal Payments FinanceLeasePrincipalPayments		usd
CY2022	us-gaap	Interest Paid Net InterestPaidNet		usd
CY2023	us-gaap	Income Taxes Paid Net IncomeTaxesPaidNet		usd
CY2022	us-gaap	Income Taxes Paid Net IncomeTaxesPaidNet		usd
CY2022	sfrx	Financing Lease Liabilities And Right Of Use Asset FinancingLeaseLiabilitiesAndRightOfUseAsset		usd
CY2022	sfrx	Facilities Lease Liabilities And Right Of Use Asset FacilitiesLeaseLiabilitiesAndRightOfUseAsset		usd
CY2022Q4	us-gaap	Operating Lease Liability Noncurrent OperatingLeaseLiabilityNoncurrent		usd
CY2022Q4	us-gaap	Finance Lease Right Of Use Asset Before Accumulated Amortization FinanceLeaseRightOfUseAssetBeforeAccumulatedAmortization		usd
CY2022Q4	us-gaap	Finance Lease Right Of Use Asset Accumulated Amortization FinanceLeaseRightOfUseAssetAccumulatedAmortization		usd
CY2022Q4	us-gaap	Finance Lease Right Of Use Asset FinanceLeaseRightOfUseAsset		usd
CY2022Q4	us-gaap	Finance Lease Liability FinanceLeaseLiability		usd
CY2022Q4	us-gaap	Finance Lease Liability Current FinanceLeaseLiabilityCurrent		usd
CY2022Q4	us-gaap	Finance Lease Liability Noncurrent FinanceLeaseLiabilityNoncurrent		usd
CY2022	us-gaap	Finance Lease Right Of Use Asset Amortization FinanceLeaseRightOfUseAssetAmortization		usd
CY2022	us-gaap	Finance Lease Interest Expense FinanceLeaseInterestExpense		usd
CY2022	sfrx	Total Finance Lease Expense TotalFinanceLeaseExpense		usd
CY2023Q3	us-gaap	Operating Lease Weighted Average Remaining Lease Term1 OperatingLeaseWeightedAverageRemainingLeaseTerm1	P4Y2M1D
CY2023	dei	Document Annual Report DocumentAnnualReport	true
CY2023	dei	Entity Well Known Seasoned Issuer EntityWellKnownSeasonedIssuer	No
CY2023	dei	Entity Voluntary Filers EntityVoluntaryFilers	No
CY2023	dei	Entity Current Reporting Status EntityCurrentReportingStatus	No
CY2023	dei	Entity Interactive Data Current EntityInteractiveDataCurrent	Yes
CY2023	dei	Entity Filer Category EntityFilerCategory	Non-accelerated Filer
CY2023	dei	Entity Small Business EntitySmallBusiness	true
CY2023	dei	Entity Shell Company EntityShellCompany	false
CY2022Q2	dei	Entity Public Float EntityPublicFloat	24064574	usd
CY2024Q1	dei	Entity Common Stock Shares Outstanding EntityCommonStockSharesOutstanding	8491638962	shares
CY2023	dei	Auditor Name AuditorName	Accell Audit & Compliance, P.A
CY2023	dei	Auditor Firm AuditorFirmId	3289
CY2023	dei	Auditor Location AuditorLocation	Tampa, Florida
CY2023Q4	us-gaap	Cash Cash	606267	usd
CY2022Q4	us-gaap	Cash Cash	177409	usd
CY2023Q4	sfrx	Prepaid Expense And Deposits Current PrepaidExpenseAndDepositsCurrent	15791	usd
CY2022Q4	sfrx	Prepaid Expense And Deposits Current PrepaidExpenseAndDepositsCurrent	750	usd
CY2023Q4	us-gaap	Assets Current AssetsCurrent	622058	usd
CY2022Q4	us-gaap	Assets Current AssetsCurrent	178159	usd
CY2023Q4	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	248922	usd
CY2022Q4	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	154761	usd
CY2023Q4	us-gaap	Operating Lease Right Of Use Asset OperatingLeaseRightOfUseAsset	30290	usd
CY2022Q4	us-gaap	Operating Lease Right Of Use Asset OperatingLeaseRightOfUseAsset	10464	usd
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CY2022Q4	us-gaap	Assets Assets	343384	usd
CY2023Q4	us-gaap	Accounts Payable And Accrued Liabilities Current AccountsPayableAndAccruedLiabilitiesCurrent	565009	usd
CY2022Q4	us-gaap	Accounts Payable And Accrued Liabilities Current AccountsPayableAndAccruedLiabilitiesCurrent	624574	usd
CY2023Q4	us-gaap	Deferred Revenue DeferredRevenue	140000	usd
CY2022Q4	us-gaap	Deferred Revenue DeferredRevenue	140000	usd
CY2022Q4	sfrx	Notes Payable Related Parties Classified Current1 NotesPayableRelatedPartiesClassifiedCurrent1	40000	usd
CY2023Q4	sfrx	Convertible Notes Payable In Default ConvertibleNotesPayableInDefault	355300	usd
CY2022Q4	sfrx	Convertible Notes Payable In Default ConvertibleNotesPayableInDefault	235300	usd
CY2023Q4	sfrx	Convertible Notes Payable In Default Related Parties ConvertibleNotesPayableInDefaultRelatedParties	789500	usd
CY2022Q4	sfrx	Convertible Notes Payable In Default Related Parties ConvertibleNotesPayableInDefaultRelatedParties	644500	usd
CY2023Q4	sfrx	Discounts On Convertible Notes Payable Related Parties DiscountsOnConvertibleNotesPayableRelatedParties	95214	usd
CY2022Q4	sfrx	Discounts On Convertible Notes Payable Related Parties DiscountsOnConvertibleNotesPayableRelatedParties	0	usd
CY2023Q4	us-gaap	Notes Payable NotesPayable	404786	usd
CY2023Q4	us-gaap	Debt Default Shortterm Debt Amount DebtDefaultShorttermDebtAmount	112000	usd
CY2022Q4	us-gaap	Debt Default Shortterm Debt Amount DebtDefaultShorttermDebtAmount	118000	usd
CY2023Q4	sfrx	Notes Payable In Default Related Parties NotesPayableInDefaultRelatedParties	18500	usd
CY2022Q4	sfrx	Notes Payable In Default Related Parties NotesPayableInDefaultRelatedParties	18500	usd
CY2023Q4	us-gaap	Other Additional Capital OtherAdditionalCapital	5000	usd
CY2022Q4	us-gaap	Other Additional Capital OtherAdditionalCapital	7400	usd
CY2023Q4	us-gaap	Operating Lease Liability Current OperatingLeaseLiabilityCurrent	18483	usd
CY2022Q4	us-gaap	Operating Lease Liability Current OperatingLeaseLiabilityCurrent	10807	usd
CY2023Q4	us-gaap	Finance Lease Liability Current FinanceLeaseLiabilityCurrent	22263	usd
CY2022Q4	us-gaap	Preferred Stock Shares Authorized PreferredStockSharesAuthorized	50000000	shares
CY2023Q4	us-gaap	Preferred Stock Shares Issued PreferredStockSharesIssued	67	shares
CY2022Q4	us-gaap	Preferred Stock Shares Issued PreferredStockSharesIssued	67	shares
CY2023Q4	us-gaap	Common Stock Par Or Stated Value Per Share CommonStockParOrStatedValuePerShare	0.0001
CY2022Q4	us-gaap	Common Stock Par Or Stated Value Per Share CommonStockParOrStatedValuePerShare	0.0001
CY2023Q4	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	9900000000	shares
CY2022Q4	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	9900000000	shares
CY2023Q4	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	8314141446	shares
CY2023Q4	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	8314141446	shares
CY2023Q4	us-gaap	Liabilities Current LiabilitiesCurrent	2430841	usd
CY2022Q4	us-gaap	Liabilities Current LiabilitiesCurrent	1839081	usd
CY2023Q4	us-gaap	Operating Lease Liability Noncurrent OperatingLeaseLiabilityNoncurrent	11974	usd
CY2023Q4	us-gaap	Finance Lease Liability Noncurrent FinanceLeaseLiabilityNoncurrent	99917	usd
CY2023Q4	us-gaap	Liabilities Liabilities	2542732	usd
CY2022Q4	us-gaap	Liabilities Liabilities	1839081	usd
CY2023Q4	us-gaap	Preferred Stock Par Or Stated Value Per Share PreferredStockParOrStatedValuePerShare	0.0001
CY2022Q4	us-gaap	Preferred Stock Par Or Stated Value Per Share PreferredStockParOrStatedValuePerShare	0.0001
CY2023Q4	us-gaap	Preferred Stock Shares Authorized PreferredStockSharesAuthorized	50000000	shares
CY2022	sfrx	Amortization Of Unearned Compensation AmortizationOfUnearnedCompensation	264348	usd
CY2022Q4	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	7172668896	shares
CY2022Q4	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	7172668896	shares
CY2023Q4	us-gaap	Common Stock Value CommonStockValue	831415	usd
CY2022Q4	us-gaap	Common Stock Value CommonStockValue	717268	usd
CY2023Q4	sfrx	Common Stock To Be Issued CommonStockToBeIssued	3104	usd
CY2022Q4	sfrx	Common Stock To Be Issued CommonStockToBeIssued	7197	usd
CY2023Q4	us-gaap	Deferred Compensation Equity DeferredCompensationEquity	18935	usd
CY2022Q4	us-gaap	Deferred Compensation Equity DeferredCompensationEquity	488	usd
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CY2022Q4	us-gaap	Additional Paid In Capital AdditionalPaidInCapital	22947138	usd
CY2023Q4	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	-28347458	usd
CY2022Q4	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	-25166812	usd
CY2023Q4	us-gaap	Stockholders Equity StockholdersEquity	-1641462	usd
CY2022Q4	us-gaap	Stockholders Equity StockholdersEquity	-1495697	usd
CY2023Q4	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	901270	usd
CY2022Q4	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	343384	usd
CY2023	us-gaap	Revenues Revenues	19235	usd
CY2022	us-gaap	Revenues Revenues	12972	usd
CY2023	us-gaap	Professional And Contract Services Expense ProfessionalAndContractServicesExpense	1750806	usd
CY2022	us-gaap	Professional And Contract Services Expense ProfessionalAndContractServicesExpense	1487446	usd
CY2022	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	406560	usd
CY2023	sfrx	Vessel Maintenance And Dockage VesselMaintenanceAndDockage	330070	usd
CY2022	sfrx	Vessel Maintenance And Dockage VesselMaintenanceAndDockage	158496	usd
CY2023	us-gaap	Research And Development Expense ResearchAndDevelopmentExpense	325156	usd
CY2022	us-gaap	Research And Development Expense ResearchAndDevelopmentExpense	172877	usd
CY2023	us-gaap	Professional Fees ProfessionalFees	125480	usd
CY2022	us-gaap	Professional Fees ProfessionalFees	70271	usd
CY2023	us-gaap	Travel And Entertainment Expense TravelAndEntertainmentExpense	93067	usd
CY2022	us-gaap	Travel And Entertainment Expense TravelAndEntertainmentExpense	74768	usd
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CY2022	us-gaap	Depreciation And Amortization DepreciationAndAmortization	21860	usd
CY2023	us-gaap	Lease And Rental Expense LeaseAndRentalExpense	38328	usd
CY2022	us-gaap	Lease And Rental Expense LeaseAndRentalExpense	46077	usd
CY2023	us-gaap	Operating Expenses OperatingExpenses	3070726	usd
CY2022	us-gaap	Operating Expenses OperatingExpenses	2438355	usd
CY2023	us-gaap	Operating Income Loss OperatingIncomeLoss	-3051491	usd
CY2022	us-gaap	Operating Income Loss OperatingIncomeLoss	-2425383	usd
CY2023	us-gaap	Interest Income Expense Net InterestIncomeExpenseNet	-104801	usd
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CY2023	us-gaap	Gains Losses On Extinguishment Of Debt GainsLossesOnExtinguishmentOfDebt	-24354	usd
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CY2022	sfrx	Gain On Disposal Of Investment GainOnDisposalOfInvestment	-85000	usd
CY2023	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	-129155	usd
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CY2022	us-gaap	Net Income Loss NetIncomeLoss	-2616601	usd
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CY2022	sfrx	Earnings Per Share Basic And Diluted1 EarningsPerShareBasicAndDiluted1	-0.00
CY2023	sfrx	Weighted Average Number Of Share Outstanding Basic And Diluted1 WeightedAverageNumberOfShareOutstandingBasicAndDiluted1	7741579477	shares
CY2022	sfrx	Weighted Average Number Of Share Outstanding Basic And Diluted1 WeightedAverageNumberOfShareOutstandingBasicAndDiluted1	6686861948	shares
CY2021Q4	us-gaap	Stockholders Equity StockholdersEquity	-1475930	usd
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CY2023	sfrx	Stock Issued During Period Value In Exchange For Leasing Vessel StockIssuedDuringPeriodValueInExchangeForLeasingVessel	6700	usd
CY2023	sfrx	Stock Issued During Period Value As Charitable Donation StockIssuedDuringPeriodValueAsCharitableDonation	7200	usd
CY2023	sfrx	Stock Issued To Accrued Interest StockIssuedToAccruedInterest	40837	usd
CY2023	sfrx	Stock Issued To Settle Accounts Payable StockIssuedToSettleAccountsPayable	28949	usd
CY2023	sfrx	Stock Issued For Loan Origination Fee StockIssuedForLoanOriginationFee	118767	usd
CY2023	sfrx	Amortization Of Unearned Compensation AmortizationOfUnearnedCompensation	246453	usd
CY2023	us-gaap	Net Income Loss NetIncomeLoss	-3180646	usd
CY2023Q4	us-gaap	Stockholders Equity StockholdersEquity	-1641462	usd
CY2023	us-gaap	Net Income Loss NetIncomeLoss	-3180646	usd
CY2022	us-gaap	Net Income Loss NetIncomeLoss	-2616601	usd
CY2023	us-gaap	Depreciation And Amortization DepreciationAndAmortization	48775	usd
CY2022	us-gaap	Depreciation And Amortization DepreciationAndAmortization	21860	usd
CY2023	us-gaap	Operating Lease Right Of Use Asset Amortization Expense OperatingLeaseRightOfUseAssetAmortizationExpense	17673	usd
CY2023	sfrx	Amortization Of Beneficial Conversion Feature And Loan Fees AmortizationOfBeneficialConversionFeatureAndLoanFees	23554	usd
CY2022	sfrx	Amortization Of Beneficial Conversion Feature And Loan Fees AmortizationOfBeneficialConversionFeatureAndLoanFees	3864	usd
CY2023	sfrx	Amortization Of Unearned Compensation AmortizationOfUnearnedCompensation	246453	usd
CY2022	sfrx	Amortization Of Unearned Compensation AmortizationOfUnearnedCompensation	264348	usd
CY2023	us-gaap	Stock Issued During Period Value Issued For Services StockIssuedDuringPeriodValueIssuedForServices	539273	usd
CY2022	us-gaap	Stock Issued During Period Value Issued For Services StockIssuedDuringPeriodValueIssuedForServices	202522	usd
CY2023	sfrx	Common Stock Issued In Payment Of Vessel Rental CommonStockIssuedInPaymentOfVesselRental	6700	usd
CY2023	sfrx	Common Stock Issued For Charitable Contribution CommonStockIssuedForCharitableContribution	7200	usd
CY2023	sfrx	Financing Fees On Debt FinancingFeesOnDebt	4595	usd
CY2022	sfrx	Financing Fees On Debt FinancingFeesOnDebt	1400	usd
CY2023	us-gaap	Gains Losses On Extinguishment Of Debt GainsLossesOnExtinguishmentOfDebt	-24354	usd
CY2022	us-gaap	Gains Losses On Extinguishment Of Debt GainsLossesOnExtinguishmentOfDebt	-43950	usd
CY2022	sfrx	Gain On Disposal Of Investment GainOnDisposalOfInvestment	-85000	usd
CY2023	us-gaap	Increase Decrease In Prepaid Expense IncreaseDecreaseInPrepaidExpense	-15041	usd
CY2022	us-gaap	Increase Decrease In Prepaid Expense IncreaseDecreaseInPrepaidExpense	3000	usd
CY2023	us-gaap	Increase Decrease In Accrued Liabilities IncreaseDecreaseInAccruedLiabilities	-18726	usd
CY2022	us-gaap	Increase Decrease In Accrued Liabilities IncreaseDecreaseInAccruedLiabilities	1463	usd
CY2023	us-gaap	Increase Decrease In Operating Lease Liability IncreaseDecreaseInOperatingLeaseLiability	-17852	usd
CY2023	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	-2313688	usd
CY2022	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	-1989194	usd
CY2022	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	145	usd
CY2022	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-145	usd
CY2023	us-gaap	Proceeds From Issuance Of Common Stock ProceedsFromIssuanceOfCommonStock	2046702	usd
CY2022	us-gaap	Proceeds From Issuance Of Common Stock ProceedsFromIssuanceOfCommonStock	2055447	usd
CY2023	us-gaap	Proceeds From Issuance Of Long Term Debt ProceedsFromIssuanceOfLongTermDebt	120000	usd
CY2022	us-gaap	Proceeds From Issuance Of Long Term Debt ProceedsFromIssuanceOfLongTermDebt	50000	usd
CY2022	sfrx	Proceeds From Issuance Of Convertible Notes Payable Related Party ProceedsFromIssuanceOfConvertibleNotesPayableRelatedParty	40000	usd
CY2023	us-gaap	Proceeds From Notes Payable ProceedsFromNotesPayable	500000	usd
CY2023	sfrx	Proceeds From Notes Payable Related Party ProceedsFromNotesPayableRelatedParty	105000	usd
CY2022	sfrx	Proceeds From Notes Payable Related Party ProceedsFromNotesPayableRelatedParty	5000	usd
CY2022	sfrx	Payments On Convertible Notes Payable Related Party PaymentsOnConvertibleNotesPayableRelatedParty	-10000	usd
CY2022	sfrx	Payments On Notes Payable Related Party PaymentsOnNotesPayableRelatedParty	-5000	usd
CY2023	sfrx	Principal Payments On Convertible Notes Payable PrincipalPaymentsOnConvertibleNotesPayable	6000	usd
CY2022	sfrx	Principal Payments On Convertible Notes Payable PrincipalPaymentsOnConvertibleNotesPayable	50000	usd
CY2023	us-gaap	Payments For Repurchase Of Equity PaymentsForRepurchaseOfEquity	2400	usd
CY2022	us-gaap	Payments For Repurchase Of Equity PaymentsForRepurchaseOfEquity	500	usd
CY2023	us-gaap	Finance Lease Principal Payments FinanceLeasePrincipalPayments	20756	usd
CY2023	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	2742546	usd
CY2022	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	2084947	usd
CY2023	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect	428858	usd
CY2022	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect	95608	usd
CY2022Q4	us-gaap	Cash Cash	177409	usd
CY2021Q4	us-gaap	Cash Cash	81801	usd
CY2023Q4	us-gaap	Cash Cash	606267	usd
CY2022Q4	us-gaap	Cash Cash	177409	usd
CY2023	us-gaap	Interest Paid Net InterestPaidNet	15314	usd
CY2023	sfrx	Financing Lease Liabilities And Right Of Use Asset FinancingLeaseLiabilitiesAndRightOfUseAsset	142936	usd
CY2023	sfrx	Facilities Lease Liabilities And Right Of Use Asset FacilitiesLeaseLiabilitiesAndRightOfUseAsset	37502	usd
CY2023	sfrx	Convertible Debt And Accrued Interest Converted To Common Stock ConvertibleDebtAndAccruedInterestConvertedToCommonStock	40837	usd
CY2022	sfrx	Convertible Debt And Accrued Interest Converted To Common Stock ConvertibleDebtAndAccruedInterestConvertedToCommonStock	73117	usd
CY2023Q4	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	-28347458	usd
CY2023	us-gaap	Net Income Loss NetIncomeLoss	-3180646	usd
CY2023Q4	sfrx	Working Capital Deficit WorkingCapitalDeficit	1808783	usd
CY2023Q4	us-gaap	Cash Fdic Insured Amount CashFDICInsuredAmount	250000	usd
CY2022Q4	us-gaap	Cash Fdic Insured Amount CashFDICInsuredAmount	250000	usd
CY2023Q4	us-gaap	Cash Uninsured Amount CashUninsuredAmount	356267	usd
CY2023	us-gaap	Research And Development Expense ResearchAndDevelopmentExpense	325156	usd
CY2022	us-gaap	Research And Development Expense ResearchAndDevelopmentExpense	172877	usd
CY2023	us-gaap	Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount	824048635	shares
CY2022	us-gaap	Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount	681658102	shares
CY2023	us-gaap	Depreciation Depreciation	21860	usd
CY2022	us-gaap	Depreciation Depreciation	21860	usd
CY2023	us-gaap	Use Of Estimates UseOfEstimates	<p id="xdx_842_eus-gaap--UseOfEstimates_zrKR5Jh4D4e8" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><span id="xdx_865_ziMzcv0b3MYk">Use of Estimates</span></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The process of preparing consolidated financial statements in conformity with GAAP requires the use of estimates and assumptions regarding certain types of assets, liabilities, revenues, and expenses. Significant estimates for the years ended December 31, 2023 and 2022 include useful life of property, plant and equipment, valuation allowances against deferred tax assets and the fair value of non cash equity transactions.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p>
CY2021	us-gaap	Lease And Rental Expense LeaseAndRentalExpense	1475	usd
CY2022	us-gaap	Lease And Rental Expense LeaseAndRentalExpense	1519	usd
CY2023	us-gaap	Lease And Rental Expense LeaseAndRentalExpense	1564	usd
CY2023Q3	us-gaap	Lease And Rental Expense LeaseAndRentalExpense	1611	usd
CY2024	us-gaap	Lease And Rental Expense LeaseAndRentalExpense	1612	usd
CY2023	us-gaap	Operating Lease Expense OperatingLeaseExpense	17792	usd
CY2022	us-gaap	Operating Lease Expense OperatingLeaseExpense	18403	usd
CY2023Q4	sfrx	Office Lease OfficeLease	37502	usd
CY2022Q4	sfrx	Office Lease OfficeLease	48957	usd
CY2023Q4	sfrx	Accumulated Amortization AccumulatedAmortization	7212	usd
CY2022Q4	sfrx	Accumulated Amortization AccumulatedAmortization	38493	usd
CY2023Q4	us-gaap	Operating Lease Right Of Use Asset OperatingLeaseRightOfUseAsset	30290	usd
CY2022Q4	us-gaap	Operating Lease Right Of Use Asset OperatingLeaseRightOfUseAsset	10464	usd
CY2023Q4	us-gaap	Finance Lease Liability FinanceLeaseLiability	122180	usd
CY2023Q4	us-gaap	Finance Lease Liability Current FinanceLeaseLiabilityCurrent	22263	usd
CY2023Q4	us-gaap	Finance Lease Liability Noncurrent FinanceLeaseLiabilityNoncurrent	99917	usd
CY2023Q4	us-gaap	Operating Lease Liability OperatingLeaseLiability	30457	usd
CY2022Q4	us-gaap	Operating Lease Liability OperatingLeaseLiability	10807	usd
CY2023Q4	us-gaap	Operating Lease Liability Current OperatingLeaseLiabilityCurrent	18483	usd
CY2022Q4	us-gaap	Operating Lease Liability Current OperatingLeaseLiabilityCurrent	10807	usd
CY2023Q4	us-gaap	Operating Lease Liability Noncurrent OperatingLeaseLiabilityNoncurrent	11974	usd
CY2023Q4	us-gaap	Operating Leases Future Minimum Payments Due Current OperatingLeasesFutureMinimumPaymentsDueCurrent	20548	usd
CY2023Q4	us-gaap	Operating Leases Future Minimum Payments Due In Two Years OperatingLeasesFutureMinimumPaymentsDueInTwoYears	12261	usd
CY2023Q4	us-gaap	Operating Leases Future Minimum Payments Remainder Of Fiscal Year OperatingLeasesFutureMinimumPaymentsRemainderOfFiscalYear	32809	usd
CY2023Q4	sfrx	Present Value Discount PresentValueDiscount	2352	usd
CY2023Q4	us-gaap	Operating Lease Liability OperatingLeaseLiability	30457	usd
CY2023Q4	us-gaap	Finance Lease Right Of Use Asset Before Accumulated Amortization FinanceLeaseRightOfUseAssetBeforeAccumulatedAmortization	133694	usd
CY2023Q4	us-gaap	Finance Lease Right Of Use Asset Accumulated Amortization FinanceLeaseRightOfUseAssetAccumulatedAmortization	17673	usd
CY2023Q4	us-gaap	Finance Lease Right Of Use Asset FinanceLeaseRightOfUseAsset	116021	usd
CY2023Q4	us-gaap	Finance Lease Liability Payments Due Next Twelve Months FinanceLeaseLiabilityPaymentsDueNextTwelveMonths	37758	usd
CY2023Q4	us-gaap	Finance Lease Liability Payments Due Year Two FinanceLeaseLiabilityPaymentsDueYearTwo	37758	usd
CY2023Q4	us-gaap	Finance Lease Liability Payments Due Year Three FinanceLeaseLiabilityPaymentsDueYearThree	37758	usd
CY2023Q4	us-gaap	Finance Lease Liability Payments Due Year Four FinanceLeaseLiabilityPaymentsDueYearFour	37758	usd
CY2023Q4	us-gaap	Finance Lease Liability Payments Due After Year Five FinanceLeaseLiabilityPaymentsDueAfterYearFive	4414	usd
CY2023Q4	us-gaap	Finance Lease Liability Payments Due FinanceLeaseLiabilityPaymentsDue	155446	usd
CY2023Q4	sfrx	Finance Lease Imputed Interest FinanceLeaseImputedInterest	-33266	usd
CY2023Q4	us-gaap	Finance Lease Liability FinanceLeaseLiability	122180	usd
CY2023	us-gaap	Finance Lease Right Of Use Asset Amortization FinanceLeaseRightOfUseAssetAmortization	26915	usd
CY2023	us-gaap	Finance Lease Interest Expense FinanceLeaseInterestExpense	15314	usd
CY2023	sfrx	Total Finance Lease Expense TotalFinanceLeaseExpense	42229	usd
CY2023Q3	us-gaap	Operating Lease Weighted Average Discount Rate Percent OperatingLeaseWeightedAverageDiscountRatePercent	0.12	pure
CY2023Q4	sfrx	Discounts On Convertible Notes Payable Related Parties DiscountsOnConvertibleNotesPayableRelatedParties	95214	usd
CY2022Q4	sfrx	Discounts On Convertible Notes Payable Related Parties DiscountsOnConvertibleNotesPayableRelatedParties	-0	usd
CY2023	us-gaap	Number Of Reportable Segments NumberOfReportableSegments	2	number
CY2023	us-gaap	Revenues Revenues	19235	usd
CY2023	us-gaap	Operating Expenses OperatingExpenses	3070726	usd
CY2023	us-gaap	Operating Income Loss OperatingIncomeLoss	-3051491	usd
CY2022	us-gaap	Revenues Revenues	12972	usd
CY2022	us-gaap	Operating Expenses OperatingExpenses	2438355	usd
CY2023Q4	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	9900000000	shares
CY2023Q4	us-gaap	Common Stock Par Or Stated Value Per Share CommonStockParOrStatedValuePerShare	0.0001
CY2023Q4	us-gaap	Preferred Stock Shares Authorized PreferredStockSharesAuthorized	50000000	shares
CY2023Q4	us-gaap	Tax Credit Carryforward Valuation Allowance TaxCreditCarryforwardValuationAllowance	13900000	usd
CY2023	us-gaap	Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate	0.2100	pure
CY2022	us-gaap	Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate	0.2100	pure
CY2023	us-gaap	Effective Income Tax Rate Reconciliation State And Local Income Taxes EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes	-0.0396	pure
CY2022	us-gaap	Effective Income Tax Rate Reconciliation State And Local Income Taxes EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes	-0.0396	pure
CY2023	us-gaap	Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance	0.2496	pure
CY2022	us-gaap	Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance	0.2496	pure
CY2023	us-gaap	Effective Income Tax Rate Continuing Operations EffectiveIncomeTaxRateContinuingOperations	0.0000	pure
CY2022	us-gaap	Effective Income Tax Rate Continuing Operations EffectiveIncomeTaxRateContinuingOperations	0.0000	pure
CY2023Q4	us-gaap	Operating Loss Carryforwards OperatingLossCarryforwards	28300000	usd
CY2022Q4	us-gaap	Operating Loss Carryforwards OperatingLossCarryforwards	25200000	usd
CY2022	us-gaap	Operating Income Loss OperatingIncomeLoss	-2425383	usd

Files In Submission

Name	View Source	Status
0001199835-24-000134-index-headers.html	Edgar Link	pending
0001199835-24-000134-index.html	Edgar Link	pending
0001199835-24-000134.txt	Edgar Link	pending
0001199835-24-000134-xbrl.zip	Edgar Link	pending
Financial_Report.xlsx	Edgar Link	pending
MetaLinks.json	Edgar Link	pending
R1.htm	Edgar Link	pending
R10.htm	Edgar Link	pending
R11.htm	Edgar Link	pending
R12.htm	Edgar Link	pending
R13.htm	Edgar Link	pending
R14.htm	Edgar Link	pending
R15.htm	Edgar Link	pending
R16.htm	Edgar Link	pending
R17.htm	Edgar Link	pending
R18.htm	Edgar Link	pending
R19.htm	Edgar Link	pending
R2.htm	Edgar Link	pending
R20.htm	Edgar Link	pending
R21.htm	Edgar Link	pending
R22.htm	Edgar Link	pending
R23.htm	Edgar Link	pending
R24.htm	Edgar Link	pending
R25.htm	Edgar Link	pending
R26.htm	Edgar Link	pending
R27.htm	Edgar Link	pending
R28.htm	Edgar Link	pending
R29.htm	Edgar Link	pending
R3.htm	Edgar Link	pending
R30.htm	Edgar Link	pending
R31.htm	Edgar Link	pending
R32.htm	Edgar Link	pending
R33.htm	Edgar Link	pending
R34.htm	Edgar Link	pending
R35.htm	Edgar Link	pending
R36.htm	Edgar Link	pending
R37.htm	Edgar Link	pending
R38.htm	Edgar Link	pending
R39.htm	Edgar Link	pending
R4.htm	Edgar Link	pending
R40.htm	Edgar Link	pending
R41.htm	Edgar Link	pending
R42.htm	Edgar Link	pending
R5.htm	Edgar Link	pending
R6.htm	Edgar Link	pending
R7.htm	Edgar Link	pending
R8.htm	Edgar Link	pending
R9.htm	Edgar Link	pending
report.css	Edgar Link	pending
sc001_v1.jpg	Edgar Link	pending
sc002_v1.jpg	Edgar Link	pending
sfrx-10k.htm	Edgar Link	pending
sfrx-20231231.xsd	Edgar Link	pending
sfrx-20231231_cal.xml	Edgar Link	unprocessable
sfrx-20231231_def.xml	Edgar Link	unprocessable
sfrx-10k_htm.xml	Edgar Link	completed
sfrx-ex31_1.htm	Edgar Link	pending
sfrx-ex32_1.htm	Edgar Link	pending
Show.js	Edgar Link	pending
sfrx-20231231_pre.xml	Edgar Link	unprocessable
FilingSummary.xml	Edgar Link	unprocessable
sfrx-20231231_lab.xml	Edgar Link	unprocessable

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$SFRX
SEAFARER EXPLORATION CORP Stock $sfrx

2024 Q1 Form 10-K Financial Statement

#000119983524000134 Filed on March 26, 2024

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$SFRX SEAFARER EXPLORATION CORP Stock $sfrx

2024 Q1 Form 10-K Financial Statement

#000119983524000134 Filed on March 26, 2024

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$SFRX
SEAFARER EXPLORATION CORP Stock $sfrx